Atria Investments Inc Increases Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Atria Investments Inc increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 19.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,527 shares of the specialty chemicals company’s stock after purchasing an additional 4,542 shares during the period. Atria Investments Inc’s holdings in Axalta Coating Systems were worth $996,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 444 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Axalta Coating Systems by 0.4% in the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after acquiring an additional 453 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Axalta Coating Systems by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after acquiring an additional 473 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Axalta Coating Systems by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after acquiring an additional 530 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 733 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXTA has been the subject of a number of analyst reports. Evercore ISI started coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Mizuho increased their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Barclays lifted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $42.45.

Axalta Coating Systems Price Performance

Shares of AXTA stock opened at $40.29 on Monday. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $40.91. The company has a market capitalization of $8.79 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $36.79 and a 200-day simple moving average of $35.68.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.